WisdomTree Etf Market Value
| EUSC Etf | USD 33.04 0.20 0.61% |
| Symbol | WisdomTree |
The market value of WisdomTree Europe Hedged is measured differently than its book value, which is the value of WisdomTree that is recorded on the company's balance sheet. Investors also form their own opinion of WisdomTree Europe's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Europe's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WisdomTree Europe's market value can be influenced by many factors that don't directly affect WisdomTree Europe's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WisdomTree Europe's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Europe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Europe's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
WisdomTree Europe 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to WisdomTree Europe's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of WisdomTree Europe.
| 08/31/2023 |
| 09/30/2023 |
If you would invest 0.00 in WisdomTree Europe on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Europe Hedged or generate 0.0% return on investment in WisdomTree Europe over 30 days. WisdomTree Europe is related to or competes with Dimensional ETF, Vanguard Small, First Trust, Vanguard, Vanguard, Vanguard, and Invesco DWA. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Europe Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure WisdomTree Europe's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess WisdomTree Europe Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7485 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 0.965 |
WisdomTree Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Europe's standard deviation. In reality, there are many statistical measures that can use WisdomTree Europe historical prices to predict the future WisdomTree Europe's volatility.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | 0.017 | |||
| Sortino Ratio | 0.0199 | |||
| Treynor Ratio | (0.010828) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of WisdomTree Europe's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of WisdomTree Europe in the context of predictive analytics.
WisdomTree Europe Hedged Backtested Returns
WisdomTree Europe Hedged shows Sharpe Ratio of -0.0395, which attests that the etf had -0.0395% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. WisdomTree Europe Hedged exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out WisdomTree Europe Hedged Mean Deviation of 0.5253, downside deviation of 0.7485, and Market Risk Adjusted Performance of (0.00082837) to validate the risk estimate we provide. The entity maintains a market beta of 0.8922, which attests to possible diversification benefits within a given portfolio. WisdomTree Europe returns are very sensitive to returns on the market. As the market goes up or down, WisdomTree Europe is expected to follow. WisdomTree Europe Hedged exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
Auto-correlation | 0.28 |
Poor predictability
WisdomTree Europe Hedged has poor predictability. Overlapping area represents the amount of predictability between WisdomTree Europe time series from 31st of August 2023 to 15th of September 2023 and 15th of September 2023 to 30th of September 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WisdomTree Europe Hedged price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current WisdomTree Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
WisdomTree Europe Hedged lagged returns against current returns
Autocorrelation, which is WisdomTree Europe etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting WisdomTree Europe's etf expected returns. We can calculate the autocorrelation of WisdomTree Europe returns to help us make a trade decision. For example, suppose you find that WisdomTree Europe etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
WisdomTree Europe regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If WisdomTree Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Europe etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Europe Lagged Returns
When evaluating WisdomTree Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Europe etf have on its future price. WisdomTree Europe autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, WisdomTree Europe autocorrelation shows the relationship between WisdomTree Europe etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Europe Hedged.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in WisdomTree Europe without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Pair Trading with WisdomTree Europe
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WisdomTree Europe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree Europe will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| + | 0.71 | VGK | Vanguard FTSE Europe | PairCorr | ||
| + | 0.61 | EZU | IShares MSCI Eurozone | PairCorr | ||
| + | 0.74 | BBEU | JPMorgan BetaBuilders | PairCorr | ||
| + | 0.72 | IEUR | IShares Core MSCI | PairCorr |
The ability to find closely correlated positions to WisdomTree Europe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Europe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Europe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Europe Hedged to buy it.
The correlation of WisdomTree Europe is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Europe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Europe Hedged moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WisdomTree Europe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WisdomTree Europe Correlation, WisdomTree Europe Volatility and WisdomTree Europe Alpha and Beta module to complement your research on WisdomTree Europe. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for WisdomTree Etf analysis
When running WisdomTree Europe's price analysis, check to measure WisdomTree Europe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WisdomTree Europe is operating at the current time. Most of WisdomTree Europe's value examination focuses on studying past and present price action to predict the probability of WisdomTree Europe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WisdomTree Europe's price. Additionally, you may evaluate how the addition of WisdomTree Europe to your portfolios can decrease your overall portfolio volatility.
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WisdomTree Europe technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.